BlackRock Amends 13G/A for First Industrial Realty Trust
Ticker: FR · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 921825
| Field | Detail |
|---|---|
| Company | First Industrial Realty Trust Inc (FR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still holds a big chunk of FIRST INDUSTRIAL REALTY TRUST, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Common Stock in FIRST INDUSTRIAL REALTY TRUST INC as of December 31, 2023. This is an amendment (No. 17) to their previous filings, showing a continued significant, but passive, investment in the real estate investment trust. This matters to investors because BlackRock's continued large stake signals confidence in the company's long-term prospects, as major institutional holders rarely make quick exits.
Why It Matters
This filing confirms BlackRock's ongoing substantial, passive ownership in FIRST INDUSTRIAL REALTY TRUST INC, providing a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and indicates a passive stake, posing minimal immediate risk.
Analyst Insight
Investors should note BlackRock's continued passive stake as a sign of institutional confidence, but this filing alone doesn't suggest immediate buying or selling action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- FIRST INDUSTRIAL REALTY TRUST INC (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring this filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 17, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under 'Names of reporting persons' on the cover page.
What is the name of the issuer whose securities are being reported?
The issuer is FIRST INDUSTRIAL REALTY TRUST INC, as indicated under 'Name of Issuer' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock is 32054K103, as listed in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding FIRST INDUSTRIAL REALTY TRUST INC (FR).